My crystal ball remains intact. As predicted here last month, the Supreme Court denied a request by former SAC Capital Advisors trader Mathew Martoma to review his insider trading conviction. The high court’s one-line order will leave Martoma in federal prison until September 2021.
Why the Court Denied Martoma’s Petition—An Educated Guess
The Justice Department alleged that Martoma misused material, non-public information that he received from two doctors involved in a clinical drug trial. Near the end of the trial, one of the doctors allegedly informed Martoma that the results of the trial would be disappointing. Upon receiving this ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.